Investing in property in Dubai would be one of the most remarkable decisions of your life as there is sure profit attached to it. Dubai is a world-wide prominent destination when it comes to real estate investment and business centres. Investing in Dubai is always sage and has guaranteed high returns on your investment. In the year 2002, Dubai government granted permission to foreigners to buy properties. These properties were allocated in some certain areas which are known as freehold areas. When you purchase any property in freehold area you have the authority to sell, give on lease or live on the property. When owner of any freehold property passes away, an heir can inherit it and the property stays in the family. Here is a list of some top most freehold areas in Dubai for real estate investment:
1. Dubai Marina
Dubai Marina stands on the number one position in terms of popularity for both buyers and renters in Dubai. One of the most alluring factor for investment is that the marina is full of luxury yachts and beaches which are just at a walking distance away from the apartments. The other interesting factors are good restaurants, great nightlife and beautiful Dubai Marina Mall. An exciting entertainment activity known as The Walk and The Beach where you can shop, dine and walk along the beautiful waterfront. You can get a studio ranging from AED 490k to AED 800k. Then the options vary from 2 bedroom apartments to 5 bedroom apartments which highly reaches to AED 7 to 10M. If you are interested in a lavish property investment and money is not a problem then you can opt for a penthouse which costs around AED 50M.
2. Downtown Dubai
The second most famed and searched area for investment is Downtown Dubai. Being in Dubai it would be exciting to get a spectacular view of Burj Khalifa from your apartment. The charm of the apartments in Downtown Dubai is not only the high quality apartments but also the amenities like gym and swimming pools that come along with it. What more would you ask for when you have immediate access to world’s largest mall – The Dubai Mall. This is considered as a high profile area in Dubai where investing would return high profit. A studio would range from AED 480k to AED 950k because of varying size. A 2 bedroom apartment ranges from AED 1 to 3M. But if you are looking for a top floor duplex penthouse with Burj Khalifa view then the price reaches up to 85.55M.
3. Jumeirah Village Circle (JVC)
When JVC was initially built it was considered as an outlying district and only capable investors who had knowledge about the property invested in it. But as time passed it became a potential freehold investment area in Dubai. If you are looking for a family residence and spacious property then JVC is the right place to invest in. JVC gives you a community feel and also has community parks, restaurants and other amenities. There are different home styles in JVC like apartments, villas and townhouses. A studio apartment for sale would vary from AED 375k to AED 485k. The apartments vary from bedroom sizes range from AED 2M to AED 5M. The average price of a penthouse is around AED 6.4M.
4. Palm Jumeirah
Known for its glitz and glamour, Palm Jumeirah is a tree shaped artificial offshore island in Dubai. The archipelago simulates a palm tree structure within a circle. There are apartments and villas with world class facilities and has a dazzling view of Dubai coastline. There are also number of five star hotels and resorts, luxurious shopping malls, waterparks, beaches which makes this area more pleasing. It is also home to Dubai’s splendid landmark and five star hotel Atlantis. This freehold area is expensive as Palm Jumeirah is in demand and surrounded with luxury. The captivating Signature Villas here cover a mammoth 7,000 square feet and boast six or seven bedrooms. Beach apartments, Palm Jumeirah caters lavish accommodations with panoramic views of the Arabian Sea and the city. A studio itself costs around AED 1M and a penthouse has a whopping amount of AED 93M.
5. International City
International City has been victorious in helping realize the dreams of many to own a home in Dubai. . International City is a large community lying in the city’s suburbs and is generally considered the most affordable area to rent or buy properties in Dubai. Spread over an enormous 800-hectare plot, International City offers wide range of business activities, retail opportunities and tourist attractions that proceeds hand-in-hand with the residential features. International city is acclaimed for its country-themed building clusters. There are different residential clusters including Greece, Spain, Morocco, Italy, France, Persia, China and Emirates. International city has managed to captivate a large number of residents and investors and become a trademark for affordable living. A studio ranges from AED 245k, 1 bedroom apartment from 330k, 2 bedroom apartment for 575k and a 3 bedroom apartment price rises up to 995k.